§414-352 - Notice of intent to demand payment.
[§414-352] Notice of intent to demandpayment. (a) If proposed corporate action creating dissenters' rightsunder section 414-342 is submitted to a vote at a shareholders' meeting, ashareholder who wishes to assert dissenters' rights:
(1) Must deliver to the corporation before the voteis taken written notice of the shareholder's intent to demand payment for theshareholder's shares if the proposed action is effectuated; and
(2) Must not vote the shareholder's shares in favorof the proposed action.
(b) A shareholder who does not satisfy therequirements of subsection (a) is not entitled to payment for the shareholder'sshares under this part. [L 2000, c 244, pt of §1]